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Unit *5
| Term | Definition |
|---|---|
| Accretion | The increase or addition of land by the deposit of sand, or soil washed up naturally from a river, lake, or sea |
| Air Rights | The rights to use the open space above a property, generally allowing the surface to be used for another purpose |
| Avulsion | The sudden changing of course of a stream |
| Bill of Sale | A written instrument given to transfer title of personal property |
| Chattel | Moveable, personal property |
| Devise | A gift of real property by will; the act of leaving real property by will |
| Emblements | Growing crops, such as wheat and corn, that are produced annually through labor and industry; also called fructus industriales. (Personal property of a tenant) |
| Erosion | The gradual wearing away of land by water, wind, and general weather conditions; the diminishing of property caused by the elements |
| Fixture | An item of personal property that has been converted to real property |
| Front foot | A standard measurement, one foot wide, of the width of land, applied at the frontage on its street line. Each front foot extends the depth of the lot |
| Improvement | Any structure erected on a site to enhance the value of the property (buildings, fences, driveways, curbs, sidewalks, or sewers) |
| Land | The earth's surface, extending downward to the center of the earth and upward infinitely into space |
| Littoral Rights | A landowners claim to use water in large navigable lakes and oceans adjacent to their property. The ownership rights to land bordering these bodies of water up the mean high-water mark |
| Mineral Rights | Subsurface rights, which can be sold or retained separately |
| Parcel | A specific piece of real estate |
| Personal Property, Personalty | All property that is NOT real property |
| Real Estate | A portion of the earth's surface extending downward to the center of the earth and upward infinitely into space including all things permanently attached thereto, whether by nature or a person |
| Real Property, Realty | Real estate plus all the interests, benefits and rights inherent in ownership. Often referred to as real estate |
| Riparian Rights | An owners rights in land that borders on or includes a stream, river, or in NJ any tidal waters. These rights include access to and use of the waters |
| Subsurface Rights | Ownership rights in a parcel of real estate of any water, minerals, gas, oil, and so forth that lie beneath the surface of the property |
| Trade Fixture | Articles installed by a tenant under the terms of a lease and removable by the tenant before the lease expires |
Created by:
MAK89
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